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deficit. they have to deal with the deficit. but once you're done with the deficit you have to rebuild the middle class in this country and nobody is paying much attention to that. we have a lot of rhetoric in the campaign but-- >> but the necessary done to help the middle class is to nail down the fiscal issues. if we don't nail down the fiscal issues, i don't think anything will matter. >> but i'm with you, i think it will happen because of necessity, because of the fiscal cliff. >> what it will take to rebuild the middle class? >> it's taken three decades to basically decimate the middle class. it will take something like that to rebuild it. but we have to be dedicated to that. we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i thi
, it also goes a long way in reducing the budget deficit. even by washington standards, that all seems important. to discuss the cliff and the consequences, we have a panel of four budget watchers. bob greenstein is head of the president obama's transition policy work. doug holz-eakin, president of the action forum, headed the staff, directer of the congressional budget office. he was a member of the president bush's economic adviser and was an acting directer of cbo. finally, diane lim rogers blog z as economist mom and was chief economist for the house committee and the ways and means committee. our format today will be relatively straightforward. each speaks for five minutes, and i'll ask questions, we'll l get a discussion going here and turn it over to the audience to give you a chance to ask the questions. we've people watching on c-span and the web, and if you're not in the room, send them to publicaffairs@urban.org, and those questions will come to me. to start, donald? >> thanks. thanks, everybody, for being here and braving the rain to talk fiscal cliffs. i'll try not to ruin
that governor romney has the advantage when it comes to the issue of the debt and the deficit. wendell is live at white house this afternoon. wendell, how big is governor romney's lead on the deficit issue? >>guest: four points. a new poll, after four years of trillion dollar deficits, that may not be ohio voters' most important economic concern given they prefer president obama as governor romney as the candidate who does a better job on the economy. a spokesman said "as time progresses the field is looking like it is narrowing for them. in that sense we would rather be us than them." romney officials accuse the obama camp of spiking the ball on the 30-yard line. press secretary carney said the real question is, what would the replacement refs do if someone spiked the ball on the 30. >>shepard: that is an interesting point. chinese trade practices on the campaign trade today was a talker. >>guest: rather than the auto bailout which is usually the subject in ohio, mitt romney says that china's cheating costs jobs. he promised to crackdown on subsidies and currency manipulation. the president h
voters have no idea what you're talk about. >> the number in the times front page story about the deficit and, you know, the fourth straight year of trillion plus deficit, these are things that concern -- >> the american voters. >> and a number that resonates. talk about trillion dollar deficits an every normal person is going to go what are we doing. >> let's be clear about that ad. the ad is a strong ad, but generally candidates do straight to camera ads when they feel like they're in trouble. president obama did his one and only after the welfare ads started to hurt him, you didn't build that, he went straight to camera. romney's ad is a response to the 47% and what that's doing to him in places including ohio and to go back to curt's point about why romney is personally beyond the economic numbers, the president has had a problem with white working-class vote es for a long time. worse in the south than in the industrial midwest but still there in the industrial midwest. mitt romney is almost like -- almost the jerry built to be the worst possible candidate to talk to white working-cla
is telling france hey, you got to get that budget deficit under control, big budget deficit is verboten the socialist president of france, francois hollande, tax the rich, not so rich, capital gains, profits, you name it, there will be a big new tax. on upper end of income every dollar over a certain level the french government will take 75 cents. rip it right out of your hand. 75 cents on the dollar. more than $200,000, they take 45 cents on the dollar, almost half. bill, this is a massive gamble because france's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion
's deficit. let's go to clayton. >> big story making headlines this morning. several days after the attack on the u.s. consulate. this is the story that the obama administration was sticking to. listen. >> this was not a preplanned premeditated attack that what happened initially was it was a spontaneous reaction to what had just transpired in cairo as a consequence of the video. >> our current assessment is that what happened in benghazi was, in fact, initially a spontaneous reaction. >> what our assessment is as of the president is in fact what it began spontaneously in benghazi as a reaction to what had transpired some hours earlier in cairo. >> but as fox news reports, the administration knew within the first 24 hours that it was a terrorist attack. so why were americans left in the dark and how could potential coverup impact the election? here for fair and balanced debate is fox news contributor angela mcglowan and mclavigne. this seems like a big problem for the president. >> i don't see it that way. look, the president came out the morning after the attacks on september 12th. came o
a firestorm in his party. it's obvious with a deficit of more than 7% of gross go mess tick product, any solution to our budgetary problems has to involve spending cuts and tax increases. ronald reagan agreed to tax increases when it hit 4%. george w. bush did. but today's republican parties is organized around the proposition that no matter the circumstances, there must never be a tax increase of any kind. the simpson-bowles proposal calls for 1% for every $3 of spending cut bus every republican presidential candidate during the primaries including romney pledge thad he or she would not accept $10 of spending cuts if that meant $10 of tax increases. so romney could present a serious plan and then h would face a revolt within his own party. so his solution has been to be it lerly vague about how to deal with the actually deaf sit. when pressed for details he said, the devil's in the details. he's right. were he to get specific he would be committing ideological blasphemy. instead he talks about freedom and capitalism. the same pattern emerges on immigration. he says he wanted to solve th
year if congress and the administration can't end the rancor and agree on how to handle the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? hr of course. >> reporter: bayard winthrop launched american giant, a new men's clothing business in san francisco this year. but the indecision in washington, he says, is holding him back. >> it doesn't breed a lot of optimism. so we're hiring, but we're not hiring as aggressively as i think we would be if i had real confidence that we were on a pathway towards growth nationally. >> reporter: so in effect, washington is undermining the ionomy. >> i think that the lack of substantial and positive debate is undermining the economy. >> reporter: one piece of good news today, weekly first-time unemployment claims dropped to a two-month low. bor the labor department says the economy actually added nearly 400,000 more jobs over the past year than originally estimated. w
for debilitating diseases. that's not a recipe for growth and we can reduce our deficit, including making some smart decisions on medicare in particular, where we're focused on lowering health care costs by reforming how health care is delivered but we don't need to be voucherizing the system to dump those costs on to seniors because, frankly, they can't afford it right now. >> pelley: there is a lot of rhetoric about medicare. what do you intend to do? >> well, i don't want any change to medicare for current seniors or for those that are nearing retirement. so the plan stays exactly same. >> pelley: make sure i understand. the idea under your plan for future seniors would be that the federal government would write that senior a check, essentially and say "now, you can go buy a private insurance plan or you can buy medicare from the federal government"? >> is that essentially it? >> that's essentially it. people would have a choice of either traditional government- run fee-for-service medicare or a private plan which has to offer the same benefits. it can't be skinnyed down. >> pelley: will th
to set tax policies and get us out of this constant deficit. >> that's a very good point, why we brought up the fiscal cliff, quite frankly, you're seeing these little signs of life in the housing market, this fiscal cliff comes from elected officials. >>> don't go away, we will talk about the middle class itself and why your trip to the mall this weekend may be subsidizing your own demise. st plug is into, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. and the family car to do an experiment. we put a week of her family's smelly stuff all in at once to prove that febreze car vent clips could eliminate the odor. then we brought her family to our test facility to see if it worked. [ woman ] take a deep breath, tell me what you smell. something fresh. a beach. a clean house. my new car. [ woman ] go ahead and take your blindfolds off. oh!! hahahaha!!! look at all this garbage!!! [ male announcer ] febreze car. eliminates odo
of this mistake may only be a drop in the bucket when it comes to trillion dollars deficit but every little bit counts.
predecessor. the david letterman interview that president obama gave last week on the debt and deficits was a veritable panoply of things that were at least misleading, and often just flat-out untrue. i think the president didn't get called on it. there were many more misleading statements in the 10 minute interview that president obama gave david letterman than anything in paul ryan's speech which as we saw led to the this explosion of fact-checking. bill: don't all politicians kind of take the truth and bend it a little bit, stretch it out for their own advantage? >> yes. that is an understatement. they do it all the time. everybody on all sides does it. and i think, you know, to a certain extent the romney campaign has to be a little careful not caught up in just being fact checkers, but at the same time calling the president out on his excesses. when he is say things about governor romney that aren't true. bill: rove takes it a step further because he writes about serial dishonesty. that is the phrase he uses in his piece. how do you think romney has responded to date? >> i think th
. romney only leads on handling the deficit but the two are split on the economy. obama is leading on medicare, health care. people find his international policies doing a little bit better, as well. the romney campaign is trying to cut into the margins and what has been obama's strength, to bring that down ahead of the debate on wednesday which will focus on domestic policy which is interesting that romney is going after foreign policy this week. >>shepard: i found it interesting, as well, but based on what has happened the last couple of weeks, i guess governor romney and his team think we have an opportunity here, why not seize it? >>guest: absolutely. we saw the op-ed today from romney. that's a point of weakness for obama at this point. so the romney campaign will go after that. foreign policy will be a big issue with only a little over a month to go. >>shepard: thank you, great to see you. >> administration folks are trying to figure out how the deadly attacks in benghazi occurred. a suicide bombing in afghanistan pushes the american casualty count beyond a grim milestone. th
't believe you have to touch medicare to take care of the deficit or the debt. >> listen, it's a numbers issue right? i'm a numbers guy. used to be 40 years ago that you had two people in america working to pay for every one retiree. now it's basically, you know, one worker paying for 10 to 20 different retirees because we've got this horrific demographic shift, 7500 people turning 60 every day. you're right. the numbers are unsustainable. what was interesting about your chart was this. i'll tell you what. the president is glad the election is only 39 days away. because yesterday kind of quietly, i don't want to get wonky, we had dismal economic data. we referenced it at the top. durable goods was terrible. boeing sold only one aircraft in august. gdp was revised down. 25% of people, i can't remember the source of the poll, basically said they'll slow down spending because of the fiscal cliff issue. things are slowing down because people, smart viewers of "morning joe" and cnbc know that we're going to get the biggest tax hike in history if congress doesn't do something so the economy is
are for this country. that's been a huge deficit for him over the course of this campaign. no specifics, no details. so i think that is part of the burden he carries next wednesday night. >> i suppose one of the problems for you is that barack obama is in the strange position of being the quite clear favorite. i don't think many incumbent presidents have that going into debates but people say i saw a poll this morning, he's up nearly 60% of americans believe obama will win the debates. that's always a rather precarious place to go into a debate, isn't it, as the clear favorite because expectation levels can often exceed performance. >> that is definitely the case. you know, the president -- we're taking this debate very seriously. we know that there's a certain expectation on our side. we also know what history tells us, that challengers normally win the first debate, just by the fact that they're standing on the stage with the president. that elevates them. and they normally come into these things as underdogs so we're coming into this debate very realistic that mitt romney is likely to win, if he pla
looking good. >> of course the romney campaign points to the rising deficit, accelerated deficit rising under president obama as compared to the george w. bush years. >> dave: from george w. bush and not free from criticism. 4.9 trillion dollar increase in the nation's debt. but here we are three years into the obama presidency talking 5.36 trillion dollar increase in our nation's debt. that's pretty simple to fact check. i'm surprised joe biden continues to bait those fact checkers, with statements like that. that's a pretty-- that's a slam-dunk. >> alisyn: because people don't listen to his speeches with the calculator out and listen with their guts and resonates. they have been saying the same thing for the better part of almost four years so it must be working on the campaign trail with them. >> dave: and doing some hypnotizing before that. stare into the pen. >> alisyn: all right. let's get to your headlines, because, to tell you about right now. there was another insider attack that claimed the life of a soldier and contractor. 2000 american troops killed in afghanistan sense the
providing cures for debilitating diseases. that's not a recipe for growth and we can reduce our deficit, including making some smart decisions on medicare in particular, where we're focused on lowering health care costs by reforming how health care is delivered but we don't need to be voucherizing the system to dump those costs on to seniors because, frankly, they can't afford it right now. >> pelley: there is a lot of rhetoric about medicare. what do you intend to do? >> well, i don't want any change to medicare for current seniors or for those that are nearing retirement. so the plan stays exactly same. >> pelley: make sure i understand. the idea under your plan for future seniors would be that the federal government would write that senior a check, essentially and say "now, you can go buy a private insurance plan or you can buy medicare from the federal government"? >> s that essentially it? >> that's essentially it. people would have a choice of either traditional government-run fee-for-service medicare or a private plan which has to offer the same benefits. it can't be skinnyed dow
the deficit. the ratings agency fitch said today uncertainty about u.s. fiscal policy is the single biggest near-term threat to the global recovery. when you see washington act the way it's been acting, does it make you more cautious? >> of course. >> reporter: bayard winthrop launched american giant, a new men's clothing business in san francisco this year. but the indecision in washington, he says, is holding him back. >> it doesn't breed a lot of optimism. so we're hiring, but we're not hiring as aggressively as i think we would b if i had real confidence that we were on a pathway towards growth nationally. >> reporter: so in effect, washington is undermining the economy. >> i think that the lack of substantial and positive debate is undermining the economy. >> reporter: one piece of good news today, weekly first-time unemployment claims dropped to a two-month low. and the labor department says the economy actually added nearly 400,000 more jobs over the past year than originally estimated. >> pelley: well, anthony, there's still about 12.5 million people who are unemployed. what does a
to create are manufacturing jobs, promote u.s.-made energy and train workers and reduce the deficit. voters in ohio liked the message the president delivered on jobs there yesterday. polls show mr. obama widening his lead in the state. mitt romney also in the buckeye state telling audiences he cares about the people of america. romney acknowledging that some of the polls show him behind president obama. but he pointed to the first presidential debate less than a week from now as a potential turning point in the race. >>> in new york it was a rough ride for nearly 200 people aboard a brazilian jetliner from rio. they were bracing for a crash landing at kennedy airport because the landing gear was stuck sideways. you can see it there. the pilot circled twice before touching down. the nose gear seemed to miraculously straighten itself out just before the plane hit the tarmac. thankfully no one was injured. but some anxious moments aboard that plane. >>> airlines across the country are raking in big profits from what used to be a free service. they're pocketing billions of dollars in baggage fe
would end deductions and loopholes and that he would still be able to balance the deficit by doing that. of course, as you pointed out, he will not say which deductions. why do you say that raises a red flag? >> under governor romney's plan, i pay well over 20% now. so if you eliminate the mortgage tax deduction and the charitable tax deduction, i'll still be ahead. so to do it, you have to go down and raise -- and cut the deductions enough that you wind up raising taxes on people in the middle income group. that's the problem. >> do you think this election -- the president has said that change has to come from outside rather than in washington, that this election has the possibility of producing a change that will be able to overcome gridlock. >> i don't think it not only as a possibility, i think it almost certainly will. and let me explain why. i think the president's going to win. but let's assume governor romney won. if he wins, that almost certainly means the republicans will hold on to the huse and it will be about 50/50 in the senate, more or less the way it is now. if president
from an expected large deficit to a surplus where he encouraged job growth in the way government should by getting out of the way. the fact is when the president says we are going to put more people to work on infrastructure we know how that translates. we'll borrow money from china and hire people for short-term jobs that don't lead to something that's long term. even middle class voters are saying this does not give us a long-term win. exactly two weeks after four americans were brutally murdered in libya we'll speak with someone who served with the navy seals that died in that attack. we'll hear about this concern about the search to find their killers next. [ female announcer ] you want family dinner to be special. dad, we want pizza. you guys said tacos. [ female announcer ] it doesn't always work out that way. you know what? we're spending too much money on eating out anyway. honey, come look at this. [ female announcer ] my money map from wells fargo is a free online tool that helps you track your spending. so instead of having to deal with a tight budget, you could have a tighte
with these deficits and leaving money to invest. education, research and development. >> those aren't specific proposals. i'm asking -- >> 100,000 new math and science teachers. we need that. >> that's a goal, right? >> educating training 2 million new workers in our community colleges in conjunction with business to fill jobs that are open right now. boosting american manufacturing by ending the tax break that sends jobs overseas and giving tax incentives to companies that start manufacturing businesses here. these are specific tangible proposals and i believe they will pass because i believe the american people are supportive of that. >> but they haven't passed. >> the verdict will be rendered november 6. megyn: joining me now mark hannah, former aid to john kerry and barack obama. kevin, your chots on that exchange? >> that was a revealing look inside the best talking points that president obama has by his top spokesperson on the campaign frame beside himself. if you can't get more prekay tough than education, green energy, research and development, and that's the solutions? those are the p
a four-point deficit. >> brutal loss for team usa poised to within the cup for the third time since '99. three time u.s. golfers cam to the 17th with a chance to win they couldn't close the deal. man. golf fan? >> ryder cup. europeans have won seven of the last eight. steve stricker and tiger woods both went over. >> and going against a bunch of nations. is that a cop out. >> listen, listen. the tough thing. this happened at medina, suburbs of chicago, on our turf. couldn't pull it off. almost insurmountable lead. >> love your passion about golf. serious, not kidding. what's coming up -- a week of nfl action on the books. >> going to sit down with espn radio new york's jason page to run through highlights. low lights and white castleburgers. >> nice. >> uh-huh. all coming up. ♪ >> announcer: "world news now" weather brought to you by lysol power and free. hange the way we. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. new lysol power & free has more cleaning power than bleach. how? the secret is the hydroge
can g bk t th t the deficits will get worse and not better. and this is the cycle of decline that europe is facing. >> mark halperin. >> prime minister, i take your point about the medium and longer-term issue. how important from a practical and pshological point of view is it to europe r ica ha alen ahe m to get our fiscal house in order? >> i think it's going to be important that europe and america cooperate to get the world economy moving forward. that's the most important thing. you see, i don'tunderstand, since the rescue of the world economy in 2009, there is rtually cooration beten ama,a, india, europe to get the world economy moving forward. you, america, need to export to the rest of the world. you can't stimulate your economy simply by domestic consumption or public spending or plic investment. you need to sell to the rest of the world. china nee to,ndt needs to sell to europe and america. that's the blasz of a global growth agreement. china concerns more. you probably do a bit more on infrastructure. trade starts to moveforward. people have confidence. and that's
up new markets. next, we've got to balance the budget. you've got to cut the deficit. you've got to stop spending more money than we take in. and finally, champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message. >>> as you know, robin is recovering from her gone marrow transplant, that took place one week ago. you know how committed she is to help those facing similar struggles and need transplants. before she went to the hospital, she made this public service announcement. we're releasing it now for bethematch.org. >> i make my living asking tough questions. so, here a question for you. if you had the power to save a life, would you? i have a chance to survive blood cancer because my big sister answered yes to being my marrow donor. right now, you can go to bethematch.org and offer a cure to someone with a disease like leukemia. so, what will your answer be? >> fantastic. you see right there, buses here in new york
-dollar deficits. every single year, he's added $5 u'adhe bailouts.tiolde you've had so many things that mitt romney could run on, a he hasn't been able to do it. willie, that is the ongog frustration that this man has been given more material than any republican nominee since rona rean in 19,e can't seem to connect the dots and explain why a conservative economic world view should be used to turn this economy ound. it is a daily frustration for conservatives. >> and daniel hop m romy tupsnt a the debate six days from now. steve, let's inside these numbers. you've got some charts explaining president obama's recent surge in the polls. >> yes, because while i agree with a lot of what joe said, there are someubstantive reasons why president obama should be doing better at the moment. th don't get as much tentn. so'salk litab. first, nobody is happy with the state of the economy at the moment. 2% growth with 8% unemployment. but as we've talked about on this show, it's the trend as much as absolute levels that determine how people feel. this is an historil chart of economic oimism going back to
to balance the deficit by doing that. of course, as you pointed out, he will not say which deductions. why do you say that raises a red flag? >> under governor romney's plan, i pay well over 20% now. so if you eliminate the mortgage tax deduction and the charitable tax deduction, i'll still be ahead. so to do it, you have to go down and raise -- and cut the deductions enough that you wind up raising taxes on people in the middle income group. that's the problem. >> do you think this election -- the president has said that change has to come from outside rather than in washington, that this election has the possibility of producing a change that will be able to overcome gridlock. >> i don't think it not only as a possibility, i think it almost certainly will. and let me explain why. i think the president's going to win. but let's assume governor romney won. if he wins, that almost certainly means the republicans will hold on to the huse and it will be about 50/50 in the senate, more or less the way it is now. if president obama wins, i think that too will break the log jam for a different reas
Search Results 0 to 44 of about 45 (some duplicates have been removed)